The FTX trial has taken an unexpected turn as Caroline Ellison, co-founder of FTX-linked hedge fund Alameda Research, reveals shocking details of alleged bribery involving Sam Bankman-Fried, the disgraced founder of FTX. Ellison testified on October 11 that Bankman-Fried paid $150 million in bribes to Chinese government officials in 2021, a significantly higher amount than
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In the fast-paced world of cryptocurrencies, Fox Business producer Eleanor Terrett has risen to prominence as a notable figure. However, with her growing recognition comes a downside: an increasing number of social media impersonators attempting to deceive her followers. Terrett finds herself constantly reminding her audience that she does not have a private profile and
The past week has seen Ethereum’s native token, Ether (ETH), face an 8.2% decline in its price. Several factors have contributed to this decrease, including changes to Ethereum’s coin issuance mechanism, sales by Vitalik Buterin, and a disappointing first week for the futures-based exchange-traded fund (ETF) instrument. In 2022, the Ethereum network underwent significant upgrades
In a shocking turn of events, Su Zhu, the co-founder of Three Arrows Capital (3AC), a once prominent Singaporean hedge fund, has been apprehended at Singapore’s Changi International Airport. This arrest comes after Zhu attempted to flee the country following a court order demanding his cooperation with the liquidator’s investigations. This article delves into the
With each passing week, East Asia witnesses significant developments that shape the region’s technology and financial landscape. In this article, we will delve into four notable events that occurred recently. These events include the imposition of hefty fines for VPN usage, the airdropping of digital currency to boost local spending, the collapse of a cryptocurrency
Renowned venture capitalist Tim Draper is no stranger to making bold predictions in the cryptocurrency industry. However, his track record in the past has not been flawless. Draper’s claim that Bitcoin would reach $250,000 by 2022 was proven wrong, as the digital currency failed to reach that mark. Despite this setback, Draper remains optimistic about
Bitcoin (BTC) has been experiencing a period of price weakness following the recent decision by the United States Federal Reserve to keep interest rates unchanged. Additionally, the correlation between Bitcoin and the U.S. Dollar Index has reached its lowest point since September 2022, indicating an increasingly inverse relationship. However, there are also hopeful indicators, such
The recent Token2049 conference held in Singapore was meant to be an exciting event for the cryptocurrency industry in East Asia. However, for some attendees, it turned into a nightmare. Troubled cryptocurrency exchange JPEX found itself in the midst of a scandal that led to arrests and chaos at the conference. Local news outlets reported
One of the largest crypto conferences in East Asia, Token 2049, was held in Singapore and gathered a remarkable number of industry professionals. With 10,000 attendees, 300 speakers, and 5,000 companies, the event hosted a wide range of discussions and showcased the latest innovations in the blockchain industry. Notably, Kasikornbank’s subsidiary, KXVC, made a significant
The cryptocurrency market experienced significant growth over the past 24 hours, with traders eagerly awaiting the latest U.S. inflation data and anticipating no monetary policy action. The combined market capitalization of cryptocurrencies reached a staggering $1.035 trillion, representing a 1.58% increase. Major cryptocurrencies like Bitcoin, Ether, and Solana all contributed to this surge. Positive Reaction